Shares of Fifth Street Finance Corp. (NASDAQ:FSC) have been given a consensus recommendation of “Hold” by the eleven brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $5.54.

A number of analysts recently commented on FSC shares. Zacks Investment Research lowered Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Deutsche Bank AG upgraded Fifth Street Finance Corp. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $4.75 to $6.00 in a research report on Tuesday, July 18th. TheStreet lowered Fifth Street Finance Corp. from a “c-” rating to a “d+” rating in a research report on Wednesday, June 14th. BidaskClub lowered Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, National Securities upgraded Fifth Street Finance Corp. from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $4.00 to $7.00 in a research report on Tuesday, July 18th.

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Shares of Fifth Street Finance Corp. (NASDAQ:FSC) traded up 1.607% during trading on Friday, reaching $5.375. 456,616 shares of the company were exchanged. Fifth Street Finance Corp. has a 52-week low of $3.90 and a 52-week high of $6.32. The stock has a 50-day moving average of $5.04 and a 200 day moving average of $4.64.

Fifth Street Finance Corp. (NASDAQ:FSC) last announced its quarterly earnings data on Wednesday, August 9th. The credit services provider reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. The firm had revenue of $44.92 million during the quarter, compared to analyst estimates of $43.35 million. Fifth Street Finance Corp. had a positive return on equity of 8.27% and a negative net margin of 37.21%. Equities analysts forecast that Fifth Street Finance Corp. will post $0.56 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.50 annualized dividend and a dividend yield of 9.45%. Fifth Street Finance Corp.’s payout ratio is currently -15.38%.

Several institutional investors have recently bought and sold shares of the company. Muzinich & Co. Inc. raised its position in Fifth Street Finance Corp. by 116.7% in the first quarter. Muzinich & Co. Inc. now owns 6,779,107 shares of the credit services provider’s stock valued at $31,319,000 after buying an additional 3,650,684 shares during the last quarter. Ares Management LLC raised its position in Fifth Street Finance Corp. by 5.1% in the first quarter. Ares Management LLC now owns 2,127,605 shares of the credit services provider’s stock valued at $9,830,000 after buying an additional 103,199 shares during the last quarter. UBS Group AG raised its position in Fifth Street Finance Corp. by 15.3% in the first quarter. UBS Group AG now owns 1,637,894 shares of the credit services provider’s stock valued at $7,567,000 after buying an additional 217,799 shares during the last quarter. Morgan Stanley raised its position in Fifth Street Finance Corp. by 104.5% in the first quarter. Morgan Stanley now owns 1,539,829 shares of the credit services provider’s stock valued at $7,114,000 after buying an additional 786,975 shares during the last quarter. Finally, Kennedy Capital Management Inc. bought a new position in Fifth Street Finance Corp. during the second quarter valued at about $6,289,000. Institutional investors own 30.07% of the company’s stock.

About Fifth Street Finance Corp.

Fifth Street Finance Corp. is a specialty finance company. The Company is a closed-end, non-diversified management investment company. The Company acts as a business development company (BDC). The Company’s investment objective is to maximize its portfolio’s total return by generating current income from its debt investments, and capital appreciation from its equity investments.

Analyst Recommendations for Fifth Street Finance Corp. (NASDAQ:FSC)

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